Local News
Road Closed in Shepherd Hill To Ensure Safety for Motorists
The Minister of Communications and Works, Hon. Kye Rymer, has made the decision to close the road near Bouncer’s apartment in Shepherds Hill with immediate effect.
The closure set to remain in place until further notice is a precautionary measure aimed at addressing potential risks and hazards along the affected road.
To ensure uninterrupted access for affected individuals, the Public Works Department has swiftly graded an alternate road. This alternate route has been designed to offer easier and safer passage for motorists, minimizing inconvenience during the closure.
During the September 5th sitting of the House of Assembly, Hon. Marlon Penn, the representative for District 8, made a plea to the Minister of Works regarding the road condition. Penn urged the minister to consider closing the road if the necessary funding was not available for repairs. (Video Below)
The road’s condition was exacerbated by the impact of Tropical Storm Phillipe, leading the government to make the decision to close the road.
Authorities are urging the cooperation and understanding of residents and visitors during this period. It is vital that all individuals respect the closure and utilize the provided alternate road.
Minister Rymer emphasized the paramount importance of safety and urged all individuals to prioritize it. The closure is a proactive measure taken by the Ministry of Communications and Works to address potential risks and ensure the well-being of all motorists.
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Business
BVI Financial Investigation Agency and Jersey Financial Services Commission Sign Agreement to Strengthen Cooperation in Tackling Financial Crimes
The Financial Investigation Agency (FIA) of the British Virgin Islands (BVI) has recently strengthened ties with the Jersey Financial Services Commission (JFSC) through a Memorandum of Understanding (MoU) signed on 25 October. The agreement formalises a cooperative framework for consultation and information-sharing between the two regulatory bodies, enhancing their oversight in financial regulation.
The MoU signals a shared commitment by the BVI and Jersey to uphold rigorous financial standards and combat financial crimes. By sharing essential intelligence, the FIA and JFSC aim to bolster efforts to detect, prevent, and investigate crimes such as money laundering, terrorist financing, and proliferation financing.
Errol George, Director of the FIA BVI, expressed the importance of the partnership, stating, “The signing of this MoU establishes a framework for information exchange between the FIA BVI and JFSC, supporting compliance with the laws, regulations, and rules relating to the functions of our Authorities. I am indeed pleased with the progress we are making in the Territory to tackle financial crime.”
Through this agreement, both agencies will, upon request, provide critical information that strengthens regulatory practices across the Designated Non-Financial Businesses and Professions (DNFBP) sector. Shared data will include details on corporate structures, management standards, and organisational quality, all essential for effective supervision.
Business
Virgin Islands Secures $100 Million Loan to Drive Infrastructure and Community Development
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